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What is LexisNexis Predictive Modeling?

Enhance your customer acquisition and retention strategies by employing advanced analytics models that adeptly identify and attract your ideal target audience based on your unique requirements and goals. By monitoring the initial loss report throughout the entirety of the claims process, the integration of predictive analytics can lead to a notable decrease in the duration of claims, enable prompt fraud detection, uncover hidden trends, and ensure that resources are allocated effectively to high-priority cases. Partner with an expert analytics firm that specializes in crafting predictive models tailored to help insurance companies achieve their specific business targets. A dedicated and experienced team will work closely with pertinent state regulatory bodies throughout both the design and execution stages, facilitating responses to queries and gathering essential insights. Furthermore, by accurately categorizing risks through these predictive models, you can boost both your claim volume and overall profitability, while remaining proactive in navigating industry developments and obstacles. This proactive approach not only enhances your operational efficiency but also establishes a competitive edge in a constantly evolving market.

What is DRILLER?

DRILLER is a cutting-edge analytics platform aimed at transforming the digitization and comprehensive analysis of insurance portfolios by effectively managing both structured and unstructured data. This solution significantly improves the understanding of the portfolio's resilience and the nature of claims. By utilizing its advanced features, it accelerates reserve releases, leading to reduced requirements for solvency capital and minimized capital costs. The innovative tool leverages artificial intelligence to perform in-depth evaluations of portfolios and claims, while also predicting potential adverse developments in claims through a sophisticated severity scoring mechanism. Furthermore, it enables the prompt identification of claims that may be either under-reserved or over-reserved. Users gain access to fully searchable documentation and claims, coupled with valuable insights into the structure of the portfolio. The tool excels in recognizing various elements such as characters, numbers, and sentiment while efficiently categorizing documents and identifying specific characteristics of claims. It also simplifies the process of reviewing and prioritizing critical claims that require urgent attention, all supported by automated analysis across the entire portfolio, thereby enhancing both operational efficiency and informed decision-making. In addition, the platform continually evolves to incorporate user feedback, ensuring it remains relevant and effective in meeting the dynamic needs of the insurance industry.

Media

Media

Integrations Supported

Bridger Insight XG
Juris
LexisNexis Prospect Portfolio
Nexis Data+
Nexis Diligence
Nexis Social Analytics
UniVoIP
UniVoIP Cloud Contact Center
VerifyRX
eCitation

Integrations Supported

Bridger Insight XG
Juris
LexisNexis Prospect Portfolio
Nexis Data+
Nexis Diligence
Nexis Social Analytics
UniVoIP
UniVoIP Cloud Contact Center
VerifyRX
eCitation

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

LexisNexis

Date Founded

1970

Company Location

United States

Company Website

risk.lexisnexis.com/products/predictive-modeling

Company Facts

Organization Name

DGTAL

Company Location

Germany

Company Website

dgtal.io/products/

Categories and Features

Predictive Analytics

AI / Machine Learning
Benchmarking
Data Blending
Data Mining
Demand Forecasting
For Education
For Healthcare
Modeling & Simulation
Sentiment Analysis

Categories and Features

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